Moderna, melanoma and the vaccine
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13hon MSN
Moderna’s personalized cancer vaccine proves its mRNA tech works. A $3 billion market awaits.
The stock jumps after a melanoma treatment has success in a late-stage trial. One analyst says annual sales could hit $3 billion by 2035.
Moderna shares jumped this week after the company announced encouraging results from a late-stage melanoma trial.
A Moderna and Merck mRNA vaccine paired with Keytruda reduced melanoma recurrence or death risk by 49% over five years.
Investors had been pessimistic about the probability of success for the personalized cancer vaccine intismeran autogene, so the Phase 3 win was a welcome surprise.
We start in the US, where shares in Moderna have nearly tripled after the vaccine maker reported successful trial results for an experimental skin cancer therapy. What to know: The therapy, jointly developed with Merck,